Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: VAT RATES :: Central Excise rule to resale the machines to a new company :: form 3cd :: TDS :: due date for vat payment :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: empanelment :: TAX RATES - GOODS TAXABLE @ 4%
 
 
л General »
 Questions about the GST cess
 How to prepare for the looming tax-extension deadline
 Income tax: Gratuity for employees raised to Rs 20 lakh; here is how you will benefit
 Haryana to set up scrutiny panel on GST benefits
 Waive certain taxes for companies in insolvency proceeding
 I-T department to appoint 7600 more tax return preparer scheme to cover entire country
 All eyes are on GST as Centre plans higher social pension
 Exporters demand total exemption from GST
 Here's what you must know to stay clear of taxman
 Filing income tax returns is not enough, you need to link Aadhaar with PAN before deadline ends
 If you don't link Aadhaar, PAN by Aug 31, your ITR won't be processed

Nations favour tax-based stimulus: E&Y
May, 12th 2009

As India joined a host of other nations in announcing various stimulus packages to tide over the economic crisis, Ernst & Young found that tax-based stimulus packages were the favourites of many countries.

According to a study by the global tax, transaction and advisory services firm, accelerated depreciation programme and and indirect tax changes were the two tax-based measures adopted by India.

While the former seeks to improve cash flow for businesses by allowing them to write off the costs of investments more rapidly, indirect tax changes seek to maintain demand by reducing the costs of goods and services.

"In the fiscal stimulus packages announced in phases from December 2008 to March 2009, by the Indian government, India seems to have concentrated on indirect tax cuts, accompanied by increased government spending and some measure of accelerated depreciation provision policies" says Satya Poddar, Partner, Tax policy services, Ernst & Young, India.

While spending measures have received more mainstream attention over the last few months, tax measures actually represent 56% of the net effect of fiscal stimulus, according to a recent OECD report.

Other methods included carryforward and carryback provisions, reduction in corporate income tax rates, enhancements to the research and development tax credit and personal income tax measures.

Carryforward and carryback provisions are meant to provide cash flow assistance by giving traditionally profitable companies more latitude in using net operating loss credits they are accumulating in the current environment.

The Ernst & Young study covered 24 nations.

 

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - About Us

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions